US Sanctions Two North Korean Missile Developers

He said the country is suffering from a "degenerative disease of state" - in that their standing military is "rotting away" and pointed to increased defections to South Korea.

Already, the Treasury Department has added eight North Korean banks and more than two dozen North Korean nationals working in countries like China, Russia and Libya to its sanctions list.

"Kim Jong Sik reportedly is a key figure in North Korea's ballistic missile development, including efforts to switch from liquid to solid fuel, and Ri Pyong Chol is reported to be a key official involved in North Korea's intercontinental ballistic missile development", the Treasury Department said. Following the launch, the nation's leader, Kim Jong Un, said the country could now strike the United States with a missile capable of carrying a nuclear warhead.

The North Korean officials added to the USA sanctions list were identified only as Kim Jong-sik and Ri Pyong-chol.

"Through various channels, we've recently learned that the North has completed a new satellite and named it Kwangmyongsong-5", a South Korean government source revealed. Security Council, which squeeze oil imports and call for countries to repatriate North Korean guest laborers within two years.

In response to the United Nations vote, North Korea called the sanctions "an act of war" on Sunday.

Last month the nuclear-armed country reached a significant milestone in the development of its growing arsenal when it tested an intercontinental ballistic missile that United States officials said appeared capable of reaching NY or Washington. The has spoken enough about North Korea.

Washington says there is no comparison between its openly conducted, internationally monitored military drills and North Korea's weapons programs, which the global community has banned.

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The sanctions follow a number of ballistic missile tests this year, including one in late November.

The group aimed to take a big bite out of the North Korean economy earlier this month by banning the North from exporting coal, iron, lead and seafood products.

The council could look to sanction other profitable North Korean exports, such as textiles.

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